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re: Where to invest for income
Posted on 1/31/16 at 10:43 am to SmackoverHawg
Posted on 1/31/16 at 10:43 am to SmackoverHawg
quote:
If you don't overpay for the properties, you get to depreciate them even if they gain value with time.
What does this mean?
Posted on 1/31/16 at 10:55 am to OceanMan
quote:
What does this mean?
Poorly written sentence. Regardless of the price you pay, you can depreciate the properties. And they can appreciate in real value. For instance, I bought one a few years back and have made little improvements here and there over the years. I got it when the market crashed so it is worth far more than it was then, but since it is a rental/income property, you can depreciate some of the value each year just like other commercial properties. I'm no expert on it by any means. But many of those improvements can be written off as repairs and immediately deducted. Meanwhile, your property goes up in value. I only have a couple of properties and am trying to learn more about it. But a good rental property will preserve your principle, grow in value, and produce income. Not to mention other ways to run certain expenses through there that can help your tax bill. There are others on here much more educated in this area, but that's where I would start if you can find a good property...that's the hard part.
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